Role and responsibilities
The Board of Directors has delegated the following responsibilities to the Remuneration Committee:
- Remuneration Policy – It informs and assists the Board of Directors by providing specialised and independent advice on planning, revising, reviewing and implementing the Policy throughout Eurobank Holdings. It also advises the Board of Directors on incentives arising when managing risks, capital and liquidity.
- Alignment of remuneration – It ensures that personnel remuneration is aligned with the risks Eurobank Holdings undertakes and manages. It also ensures that there is alignment of remuneration between Eurobank Holdings and its subsidiaries.
- Exposures of executives – It approves or proposes for approval all the exposures of the Management executives.
The Remuneration Committee convenes at least 2 times a year.
Appointment and office term
The Remuneration Committee consists of members appointed by the Board of Directors.
The current Remuneration Committee consists of:
- 3 Independent Non-Executive Directors of the BoD. One of them serves as Committee Chairman.
- 2 Non-Executive Directors of the BoD. One of them serves as HFSF Representative (HFSF). The HFSF appoints its observer on the Remuneration Committee in compliance with the provisions of the Relationship Framework Agreement (RFA).
The office term of the Committee members coincides with the office term of the Board of Directors, with the option to renew their appointment. In any case, the office term in the Committee should not be more than 12 years in total.